Sutton Harbour has taken a long time to get going but seems to be rising well now. A bonus issue and a rejected takeover did the trick. Anyone holding these?

Watch: Jason Schofield, CEO, Sutton Harbour SUH - Preliminary results

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Listen: Sutton Harbour Holdings (SUH) - Property letting update

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Annual General Meeting Statement

The Chairman of Sutton Harbour Holdings intends to issue the following statement to shareholders attending today's AGM.

"Trading has been in in line with expectations during the first five months of this financial year. It has been an active period for the Company, promoting development opportunities around Sutton Harbour and facilitating infrastructure improvements to ensure continuity and growth of operations.

Last month the Company reported that office space at North Quay House is now fully let and the overall investment property occupancy rate has increased to 88.3%, with an established central business district around Sutton Harbour.

The Company continues to work towards a satisfactory realisation of its interest in the 113 acre former Plymouth airport site.

The Company is making good progress with its £1.2m harbour infrastructure improvement programme, £500,000 of which will be grant funded. Forming key parts of this programme, the new ice plant and lock walkways are now being manufactured and are due to be in operational use this coming winter.

During July 2014, the Company published its 'Vision for Sutton Harbour' which sets out opportunities for development of a number of sites which could deliver c. 350,000 sq ft mixed use accommodation around Sutton Harbour. The Vision publication, which incorporates plans, visuals and relevant data, is now being used to target specific occupiers in residential, office, leisure retail and food and beverage sectors. New planning applications are expected to follow later this year."

Sutton Harbour - Property letting update

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